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Sep 9, 2012 5:00pm EDT
development in the u.s. was the decision by the sec to back off on money-market funds. do you see that -- we had some regulatory actions on banks, chartered banks, each less. money markets are part of the shadow banking system and the sec says we can't do it. what happens next? >> this is a very important issue to address. they have made the case already that money market funds are a systemic issue. i think there has been a lot of work around that and consensus around that. some of it than by people in the audience here. i think the fact that that sec has been able to address this -- one of the things it was put into place to do was addressed these situations where you have a stomach tissue that is not being addressed by the primary regulator. now this is very much on the agenda. i think it has to be. there is obviously a complicated set of questions about how you do it. one option is to put it back to the sec by making a designation as a whole. the first response would be to put the onus on the sec to address this issue again, which may be the right way to go. you could also designate money
Search Results 0 to 0 of about 1